Ford's Net Falls 22% on Employee Costs

DEARBORN, Mich.—Ford Motor Co. showed signs that its operations are strengthening around the globe, generating a record third-quarter operating profit and a 12% jump in revenue, the auto maker reported Thursday.

Ford's $2.6 billion pretax profit, or 45-cents earnings per share, bested the 38-cents Thomson Reuters average estimate of analysts. Ford's net income declined 22% to $1.27 billion because of pension and employee-buyout...